The Relationship That Tells Us How Much a Person Intends

question 210

Multiple Choice

The relationship that tells us how much a person intends to spend at various levels of income is

• A)the spending function.
• B)the expenditure function.
• C)the consumption function.
• D)the buying function.

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Definitions:

Percent Frequencies

The representation of the occurrence of different categories as percentages of the total.

Number of Classes

Number of Classes refers to the division of data into intervals for the purpose of frequency distribution or histogram representation.

Study

An act of devoting time and attention to acquiring knowledge on an academic subject, especially by means of books.

Scatter Diagram

A graphical display of the relationship between two quantitative variables. One variable is shown on the horizontal axis and the other variable is shown on the vertical axis.